Netflix Posts Strong Profits, Then Cuts 1,000 Jobs and Fires Its Content Chief
The streaming giant's sudden layoffs and executive ouster reveal a company scrambling to reassure investors as engagement and stock price slide.

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The streaming giant's sudden layoffs and executive ouster reveal a company scrambling to reassure investors as engagement and stock price slide.
The former Fox and Disney executive brings a playbook of prestige TV, live sports, and theatrical hits. Here is what his arrival means for Netflix's next era.
Sarandos swaps a 10-year veteran for Rice amid sliding stock and slowing engagement, signaling a new content era.
Former Disney TV chief Peter Rice takes over Netflix's $20 billion content budget on October 26, replacing Bela Bajaria as viewership growth stalls.
The streaming giant trims 6% of its global workforce, signaling that even market leaders must bow to cost discipline.
The Dec. 11 Principality Stadium showdown is already a record-seller, but the 1 a.m. UK ring walk tests even the most devoted fans.
A $587 million cash deal puts Netflix deeper into AI-driven production, and signals how aggressively streamers are buying capability.